The role of Waqf-Sukuk in addressing the budget deficit : the Indonesian experience as a model

Author

Abu Harb, Hakim

Source

Revue Algérienne de Finances Publiques-The Algerian Journal of Public Finance

Issue

Vol. 11, Issue 1 (31 Dec. 2021), pp.37-54, 18 p.

Publisher

University of Abou Bekr Belkaid Tlemcen

Publication Date

2021-12-31

Country of Publication

Algeria

No. of Pages

18

Main Subjects

Islamic Economics and Finance

Topics

Abstract EN

This study aims to highlight the role of Waqf -Sukuk in financing the public Budget deficit as a legitimate alternative to traditional financial tools based on usurious interest.

In the light of which some mechanisms have been devised that help develop the role of endowment instruments in addressing financial gaps and forms of budget deficits that countries suffer from.

The study concluded that it is necessary to activate the role of the Waqf -Sukuk in addressing budgetary imbalances in a way that can benefit from its financing advantages, chief among which is the ability to provide sufficient liquidity that the state needs to expand the base of projects in both the economic and social aspects.

Jel Classification Codes: G229

American Psychological Association (APA)

Abu Harb, Hakim. 2021. The role of Waqf-Sukuk in addressing the budget deficit : the Indonesian experience as a model. Revue Algérienne de Finances Publiques-The Algerian Journal of Public Finance،Vol. 11, no. 1, pp.37-54.
https://search.emarefa.net/detail/BIM-1296847

Modern Language Association (MLA)

Abu Harb, Hakim. The role of Waqf-Sukuk in addressing the budget deficit : the Indonesian experience as a model. Revue Algérienne de Finances Publiques-The Algerian Journal of Public Finance Vol. 11, no. 1 (2021), pp.37-54.
https://search.emarefa.net/detail/BIM-1296847

American Medical Association (AMA)

Abu Harb, Hakim. The role of Waqf-Sukuk in addressing the budget deficit : the Indonesian experience as a model. Revue Algérienne de Finances Publiques-The Algerian Journal of Public Finance. 2021. Vol. 11, no. 1, pp.37-54.
https://search.emarefa.net/detail/BIM-1296847

Data Type

Journal Articles

Language

English

Notes

Includes bibliographical references : p. 53-54

Record ID

BIM-1296847